| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
GBP/CHF has been trading in a descending channel since May. This movement south has been bounded in a more senior channel valid for four months. The bottom boundary of the junior pattern was tested two weeks ago.
Since then, the Pound was driven by slight bullish pressure. After failing to overcome the 55-, 100– and 200-hour SMAs near 1.3050, the rate breached this minor channel and began falling closer to a channel line and the monthly S1 circa 1.2980. It is likely that downward pressure prevails today and sends the rate to this support cluster or even lower until to 1.29.
By and large, the strong resistance at 1.3050 should be surpassed later this week just to form a breakout from the senior channel and reach the 200-day SMA and the 61.80% Fibonacci retracement at 1.3240.